Indus Towers Buyback: Bharti Airtel Strengthens Control with Over 50% Stake

Indus Towers buyback will see Bharti Airtel raise its stake to over 50%, making the telecom infrastructure firm a subsidiary. Airtel’s stock rose 0.61%, while Indus Towers increased by 1.08%.

Vinayak Hagargi
August 28, 2024
12:47 pm
1 min read

On August 28, 2024, it was revealed that Bharti Airtel is set to make Indus Towers its subsidiary due to a recent share buyback exercise. According to a regulatory filing, Airtel plans to acquire 5.67 crore equity shares of Indus Towers. This purchase will boost Airtel’s stake in the telecom infrastructure company to over 50%.

As of the end of June 2024, Airtel, a promoter of Indus Towers, held a 48.95% share. The buyback allows Airtel to increase its ownership by about 2%. The buyback involves up to 56,774,193 shares, representing roughly 2.1% of Indus Towers’ total paid-up share capital.

Following this Indus Tower buyback, Airtel’s shareholding in Indus Towers will exceed 50%, reaching approximately 50.005%. This change will make Indus Towers a subsidiary of Bharti Airtel according to the Companies Act, 2013. The final transition is pending the completion of the buyback activities.

The news is expected to influence Airtel’s stock performance. On August 27, Airtel’s share closed 0.61% higher at ₹1,522.75 on the National Stock Exchange (NSE).

Indus Towers, which is also publicly traded, saw its stock increase by 1.08%, settling at ₹437.95 per share on the NSE.

Vinayak Hagargi

Vinayak is a passionate financial markets enthusiast with 4+ years of experience. He has curated over 100 articles simplifying complex financial concepts. He has a unique ability to break down financial jargon into digestible chunks. Vinayak aims to empower newbies with relatable, easy-to-understand content. His ultimate goal is to provide content that resonates with their needs and aspirations.

More About The Author

Phoenix Overseas IPO ने पहले दिन 1.00x सब्सक्रिप्शन के साथ मजबूत शुरुआत की

Phoenix Overseas IPO पहले दिन 1.00 गुना सब्सक्राइब हुआ, जो कंपनी के बाजार में प्रवेश के दौरान संतुलित निवेशक रुचि

September 20, 2024

Avi Ansh Textile IPO ने पहले दिन 1.08 गुना की सब्सक्रिप्शन के साथ शानदार शुरुआत की!

Avi Ansh Textile Limited IPO ने पहले दिन मजबूत निवेशक रुचि हासिल की, जिसमें 1.08 गुना की सब्सक्रिप्शन मिली। यह

September 20, 2024

SD Retail IPO ने मिलेजुले रुझान देखे, पहले दिन 0.62x की सब्सक्रिप्शन दर हासिल की!

SD Retail Limited IPO ने पहले दिन विभिन्न निवेशक रुचियों का अनुभव किया, जिसमें 0.62x की सब्सक्रिप्शन मिली। यह प्रारंभिक

September 20, 2024

Downloads

Circulars

Bank Details

How to Videos

Attention Investors!

"Prevent unauthorized transactions in your account update your mobile number/ email Id with your Stock Broker. Receive information of your transactions directly from Exchange on your mobile / email id at the end of the day."

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge. Pay 20% upfront margin of the transaction early to trade in the cash market segment. Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020, and NSE/INSP/45534 dated August 31, 2020, and other guidelines issued from time to time in this regard. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Corporate Office: No. 153/2, 3rd Floor, M.R.B.Arcade, Bagalur Main Road, Dwaraka Nagar, Yelahanka, Bengaluru – 560 063, Karnataka.
Registered Office: Old No.56/2 ,New No.58, LIC Nagar, Vinayagar Kovil Street, Erode -8,Tamil Nadu– 638002.
Alice Blue Financial Services (P) Ltd : NSE EQ | NSE FO | NSE CDS-90112 SEBI REG : INZ000156038
Alice Blue Financial Services (P) Ltd : BSE EQ | BSE FO | BSE CD-6670 SEBI REG : INZ000156038
Alice Blue Financial Services (P) Ltd : CDSL DP ID 12085300 DP SEBI REG : IN-DP-364-2018
Alice Blue Financial Services (P) Ltd : MCX-56710 SEBI REG : INZ000156038
We hereby declare that we are doing PRO trading

Procedure to file a complaint on SEBI SCORES : Register on SCORES portal and SEBI SCORES 2.0. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances

Click on the provided link to learn about the process for submitting a complaint on the ODR platform for resolving investor grievances.

Investment in securities markets are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit.

For queries regarding account opening or activation, email to [email protected] and for fund updates, email to [email protected]

Disclaimer : Prevent unauthorized transactions in your account. Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Issued in the interest of investors. All clients have to update their email id and mobile number with Member : Investor Grievance [email protected]
KYC is a one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

No need to issue cheques by investors while subscribing to an IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in the investor’s account.

Investors are requested to note that Alice Blue Financial Services Private Limited is permitted to receive money from investor through designated bank accounts only named as Up streaming Client Nodal Bank Account (USCNBA). Alice Blue Financial Services Private Limited is also required to disclose these USCNB accounts to Stock Exchange. Hence, you are requested to use following USCNB accounts only for the purpose of dealings in your trading account with us. The details of these USCNB accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker. Bank Details.

Download Alice Blue Mobile App